BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific Arabic Spanish Russian Chinese Welsh

 You are in: Business
Front Page 
UK Politics 
Market Data 
Your Money 
Business Basics 
Talking Point 
In Depth 

Commonwealth Games 2002

BBC Sport

BBC Weather

Wednesday, 19 December, 2001, 15:47 GMT
World Bank praises India's highway upgrade
Bombay commuters
Upgrading the super-highway could help travellers to Bombay
India could see huge economic benefits from upgrades to the super-highway linking four of its biggest cities, the World Bank forecasts.

Improving the 3,600 mile long Golden Quadrilateral will cost the Indian government some $6bn (4.2bn).

The World Bank estimates the scheme will generate more than a quarter of that total every year after completion.

Most of the super-highway - which links Delhi, Chennai, Calcutta and Bombay - is currently a two lane road.

Under the scheme, it is expected to be widened to a four lane highway, including service roads, express way sections and town bypasses.

Value for money

"It is a very impressive return on public expenditure programmes and it represents very good value for money for the taxpayer," the World Bank's Operations Advisor for India told the BBC's World Business Report.

"That means it is not revenue back to the government, it is savings in time and operating costs," he added.

"It is not strictly money being generated, the economic rate of return is looking at savings to the economy or benefits to the economy," he said.

The project cost has been met by a variety of sources.

"The main source of revenue for this programme comes from user charges, the government put a small levy on the cost of diesel and petrol. A good proportion of this is going directly to the National Highway Authority to provide the main source of financing for the programme," he added.

World Bank advisor
"It represents very good value for money for the taxpayer"
See also:

05 Dec 01 | Business
India puts growth ahead of deficit
27 Nov 01 | Business
India to woo IT makers
Internet links:

The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.

E-mail this story to a friend

Links to more Business stories